Founder Name: Star Cunningham
Industry: Healthcare IT (Tech-enabled chronic care management )
Headquarters Location: Chicago, IL
Previous Fundraising: $2.4M raised to date
Trailing 12 Month Revenue: $128,000
# of Employees: 8 full-time employees plus 20 clinical contractors
Noteworthy Customers/Partners: Direct billing partnerships set up with Aetna, Blue Cross Blue Shied, Cigna, United Healthcare and Humana, among others.
Loan Purpose: Working capital to hire 2-3 nurses/clinical staff to train and ramp up before bringing on new patients. Hiring these 2-3 people will increase revenue by $100K in six months.
4D Healthware is Software as a Service (SaaS) company providing telemedicine, other tech-enabled services and remote nursing care to patients with chronic diseases. Star Cunningham’s own personal struggle with chronic disease along with her experience at IBM building smart data solutions led her to found the company in 2012. 4D Healthware has raised $2.4M in capital to date and used it to build HIPAA-compliant software that uses smart devices (e.g. blood pressure cuffs, glucometers, etc.) that work seamlessly with doctors, nurses and wellness coaches to provide 24/7 support to help patients better manage chronic diseases. 4D Healthware is looking for a $30K loan to fund hiring and training of nurses to meet the increased demand for its services.
I founded 4D Healthware to help harness technology to better manage the care of patients with chronic health issues. My own personal struggle with chronic disease along with my experience at IBM building smart data solutions led me to found the company in 2012.
My interest in technology started in high school, where I attended a private all girls school that had a Mac lab. That early introduction to technology led to my being one of two girls on my college campus majoring in computer science. While in college, I was hospitalized for Crohn’s disease for more than 3 consecutive months. During that time, I realized how little MDs understood about how my body was responding to the treatment given. My MD, who is now Chief Medical Operating Officer of the Cleveland Clinic, told me at the time that “One day, you are going to help me do better.” Fast forward many years and I'm now the founder of 4D Healthware, a technology company that is improving healthcare for patients with chronic diseases.
My own experience as a health care consumer combined with technology expertise (honed at IBM) has enabled me to start a unique company that combines machine learning with smart devices and a deep appreciation of the patient experience to deliver improved health outcomes. My experience, knowledge and compassion are readily seen in the 4D Healthcare's products and services which show tremendous promise as they have experienced readmission rates of only 10% for their managed patient populations compared with 27% for similar populations they are not managing.
Over the past three years, I have raised $2.4M from friends & family in addition to angel investors who know the healthcare market well and are bullish on what we're building. I have used this money to build HIPAA-compliant software that uses smart devices (e.g. blood pressure cuffs, glucometers, etc.) that work seamlessly with doctors, nurses and wellness coaches to provide 24/7 support to help patients better manage chronic diseases. 4D Healthware’s software is specifically designed around the growing number of CPT (billing) codes where remote patient management and monitoring services are allowed. We have invested in building a software system that is not only well-integrated to more traditional physician practices, but also enables direct billing from private insurance companies as well as Medicare/Medicaid.
4D Healthware currently provides services to 500 patients, but we have contracts in place to allow us to serve 4,000. This loan will allow us to hire and train additional nurses so we can begin servicing all 4,000 patients.